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rocket towards televisa, for the first time in 20 years israel's biggest city has come under attack. >> in response, israel vowed to increase military operations aimed at militants in gaza. three israelis were killed by a palestinian rocket earlier today. >> these developments, in the second day of an israeli assault on militant targets in gaza. >> the number of dead and wounded continues to rise in gaza. the israeli military has carried out more than 160 airstrikes since launching a defensive with the targeted killing of hamas military chief. palestinians who turned out for the funeral of him as a martyr. israel says he masterminded attacks on israelis, including the 2006 kidnapping of a soldier. in israel, a town came under fire from across the border on thursday. three people were killed. israel says deaths like these underscore the need for a tough response. >> in recent days and weeks, hamas and other terror organizations in gaza have made normal life impossible for normal israelis. no government would tolerate a situation where nearly 1/5 minutes people live under a constant b
conflict between israel and palestinian group hamas. the bus was traveling on a busy road in central tel aviv. associated press reports the explosion happened near israel's military headquarters. investigators are trying to figure out what happened. they say there could have been more explosives on the bus. israeli government officials tell reuters this was a terrorist attack. the cease-fire negotiations between israel and hamas are believed to be entering their final stages, but whether it's bus bombings, air strikes or rocket attacks, fighting between the two sides have not let up. so far 140 palestinians and 5 israelis have been killed. egyptian officials are mediating the truce talks. a hamas representative tells nhk the palestinian group is pushing for israel to lift its economic blockade of gaza. the local media report israeli negotiators are willing to do that, but only once the cease-fire is in effect for a certain period of time. discussions are also reportedly under way about the possibility of getting egypt and the united states to establish a framework to monitor the truce. a
for you? >> now bbc world news america. israel kills the leader of hamas in the of the, causing an escalation of violence. governments should stop cutting benefits and start creating jobs. welcome to manhattan, kansas. >> may know more about technology than a tomcat's knows about baking gingerbread. >> welcome to our viewers. israel killed the military commander of hamas and launched a series of attacks. hamas vowed in this would open the gates to hell. military action will continue. >> for the people of gaza, it looked like a war, and as in most wars, civilians are caught up in the violence. the first target today was the biggest hamas's most senior military leader was typify and -- hit by a military strike. he died instantly. hamas says this is a major provocation. good >> they will pay a price for this, because he was one of our most exceptional leaders. >> she sat at the top of the military wing. tonight israel published these images. the army released video footage of him being tracked and the moment when his car was hit. israel said the strike followed a wave of rocket att
where tension is rising after israel and syria exchange fire across their border. in china, it's all change at the top. we have a special report on how the next generation is determined to tread its own path. >> i would like to be a software engineer. >> so you don't want to do the sort of things that your parents did? >> never. >> hello, it's midday here in london, 7:00 in the morning in washington. there's been a new twist to the sex scandal engulfing the american military top brass there. on friday, general david petraeus resigned as boss of the c.i.a. after it was revealed that he had been having an extra marital affair. now general john alan has been drawn into the scandal after what is being called inappropriate communications with a woman also linked to the affair. he has denied any wrong doing, but his application for a top nato job has been put on hold. >> there will be moments like this -- >> another top american commander, another career threatened. this time it's general john allen. he's in charge of u.s. forces in afghanistan, and he was about to be confirmed as the supr
medicare plans that may be right for you. call now. ♪ >>> tensions rise in the middle east as israel trades fire with its neighbors. overnight israel's military says its air strikes hit key palestinian targets in the gaza strip, including what is described as a terror tunnel and a weapons storage facility. in three straight days of fighting, six palestinians have been killed, and another 30 wounded. according to the israeli military, more than 110 rockets hit southern israel injuring at least four civilians. today in northern israel israeli military sources report hitting syrian targets after two days of cross-border fire. officials say its retaliation for mortar shells that hit near a military post in golan heights. this marks the first time israel has fired on syria since 1973. cnn senior international correspondent sarah is joining us from jerusalem to talk a little bit about all of this that's taking place, and you had a chance, an exclusive, to sit down with israel's president simon peres to talk about what is taking place there. it is somewhat alarming, the escalating violence. does h
states was publicly praising president morsi when he helped end the conflict between israel and gaza. the white house says president obama has not spoken to his egyptian counterpart since then and today the press secretary jay carney said basically the egyptians need to work this out themselves. there is no evidence that will happen any time soon. right now this enormously influential nation where people forced out of dictator last year again threatens to fall into chaos and instability. that's good for nobody. steve harrigan with the news live in cairo. steve? >> it took 18 nights of street protests, almost two years ago to drive out hosni mubarak from power. now we're on night number five of protests again egypt's first democratically elected president and for the first time, the sound of the protests feel exactly the same as those that drove out his predecessor. even some of the chants are the same, leave, leave. those protesters came from a number of different political parties today totaling more than 200,000 people. they were chanting, they were violent at the edges of the prot
three in israel. the u.n. warns netanyahu to avoid a new cycle of blood shed. and president obama throwing down a challenge to congress as he gets set to begin critical budget talks on friday. >>> i want to bring you the italian gdp figures. italy is just the latest p second quarter figures were revised higher to 0.7 contraction from 0.8. third quarter gdp looks like it's fallen 0.2% on the quarter. that's better than was expected. it was expected to fall by about half a%. it is down 2.4% on the year. we'll get the rest of the eurozone figures out at the top of the next hour. >>> also coming up, we'll be live in beijing with updates throughout the show as xi jinping it takes over as the head of the communist party. we'll be in frankfurt for a look at how that economy has been affected. gdp showing a slowdown for germany in the third quarter. and we'll hear from the former head of the council of economic advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeate
of the cease-fire between israel and hamas, first of all. sandra: it certainly is. not really sustaining the selloff. currently down $0.24, still a little bit of a selloff but nonetheless prices have been coming down into thanksgiving weekend. a lot of drivers hitting the road, 34 million of them writing. obviously the cease-fire has an immediate impact on prices going down, but a lot of you say oil and gas will be going higher the rest of the year. >> we have come off of the 100 level. obviously we have seen high volatility in that market up 3%, down 3%. the last four days of trading up 2%, down 2%, a lot of volatility. all regarding the uncertainty in the middle east as you mentioned definitely prices at the pump are a concern. as long as sales are below 10$100per barrel. it just came off of an extreme. 70s are the lower extreme. sandra: a lot of traders on the floor so they are preparing for higher prices. a lot of these folks are saying if we get a compromise as far as the fiscal cliff, by the end of the year this event means higher oil and gas prices, so there is a lot of indecision
on to the streets to celebrate as cease fire ends eight days of deadly strikes between israel and hamas. we kick off three hours with the euro son flash services pmi, 5.7. a little weaker than consensus. lowest since july 2009. business expectations 48.6. manufacturing manufacturing pmi 46.2. composite pmi as a result 45.8, which is pretty him bang in line with the reuters poll. so service sectors worst since july 2009, decline in manufacturing eased a little bit more than expected in november. joining us, chief european economist. ricar ricardo, thanks for joining us. so still a negative territory. what does this point to in terms of the economic decline for the fourth quarter? >> i think it's in line with the idea that real sgchlt dp will decline by at least 0.2%, possibly 0.3%. it will give us a negative entry point in 2013 when i expect an average growth of minus 0.2%. so still moderately recession territory. >> the german flash composite pmi 47.9, services 48, manufacturing 46.8, is germany -- we just saw the 0.2% print. is girl aermany going to have a negative contract? >> i'm looking for a co
captioning sponsored by macneil/lehrer productions >> sreenivasan: the ceasefire between israel and hamas held firm today, as a semblance of normal life resumed in gaza and israeli troops began moving away from the border. good evening, i'm hari sreenivasan. on the "newshour" tonight, we get on-the-ground reports about the state of the fragile peace, even as both sides vowed to act if the truce is violated. then, we turn to greece's financial crisis. paul solman offers an inside look at the negotiations to tackle the debt problems. >> as both knowledgeable outsiders and insiders attest, the tug-of-war between europe's borrowers and lenders continues and probably will, for years. >> sreenivasan: many americans are headed to the mall tonight after finishing thanksgiving dinner. we examine how black friday has morphed into gray thursday. jeffrey brown has another thanksgiving day story about a turn of the century photographer who dumented the lis of native aricans. >> he ended up being the largest traffic odyssey in american history. he ended up doing 2,200 pages of text telling l
militarized crossing from gaza to israel. and israel decides what crosses- - goods, people. it is a complete commercial strangehold on a place desperate to be a country. policemen able to show themselves on the streets without being targets for the first time in nine days. fighters, too, and so many people in gaza claim their ability to fire rockets into tel aviv and jerusalem has changed everything. we went north this morning, as did so many gazans, to areas they fled in recent days. up here in north gaza, close to the frontier with israel, people are used to the airstrikes that come, the craters that pockmark the countryside and that destroy their buildings. let's face, it's happened now every few years. so when you come here, you'll find a sense of relief and immediate happiness, of course, but people are pretty skeptical about whether the peace will last. >> ( translated ): god willing i hope it holds but i'm 50/50. they've been breaking their promises since the prophet's day. >> reporter: mobility scooter meets hamas flag. ahmed atah lost both legs in the last israeli invasion. so, will
. >>> welcome to "worldwide exchange." these are your headlines. air strikes between israel and gaza continue. the egyptian prime minister vows to spare no effort to achieve a truce. >>> in 30 days, japan may see its seventh prime minister in six years as the country dissolves its lower house and sets the stage for a possible comeback. >>> and president obama meets with top u.s. lawmakers to begin budget talks as the fiscal cliff looms. both sides are digging in their heels on on tax hikes and spending hikes. against all of the political changes we're seeing today, first i want to show you the market action. stoxx 600 is sitting roughly flat, but we've seen interesting trading session where the nikkei really surging to the up side again today. more on that in a bit. take a look at what's happening across europe because after a couple of uglier days in the market, we're seeing something of a comeback now led by technology, retail stocks are also in the green, food and beverages, autos among the sectors dragging on the in-dek. we can take a closer look at the bourses. ibex is
-fire intensifies, israel's foreign minister says he sought a long term arrangement arguing any discussion must begin with gaza agreeing to stop all fire into israel. are we going to see more of a premium put into global risk trades now, as well? >> the oil price is the real issue here and that is the factor that could make or break global growth. we've seen a fairly reasonable decline over the past you few months in response to the slower global growth story. if you start increasing the oil price because of tensions in the middle east, and the moves we've seen so far are not substantial, but if we start getting towards $95, $100 a barrel, that starts to put even more economic headwind in you like in the way of the world and that would be a very bad thing. i think it's likely to remain a relatively localized conflict. the risk is if it broadens out further, we still have the issue of iran and what would happen there. something happening there could see the oil price spike to 140, 150. >> i hear what you're saying it potentially remaining ale loized issue in israel, but at the same time, i was s
bolder since the egyptian revolution and the attacks have been spilling over into neighboring israel. >> hundreds of tanks and heavy artillery demonstrating in northern sinai directly on the israeli border. the egyptian army looking on as it prepares for war. this is directed at militant islamists terrorizing the rump country. these are a testimony to the horror. dozens of police officers and soldiers have been executed here. the militants have left the church is in ruins and have spray-painted the message of the building, "allah akbar." >> there ruled the area here. they're working with a call qaeda and want total control of egypt. -- working with al qaeda. >> they come through the shady neighborhoods and they have arrested hundreds of suspects already. egypt's anti-terrorist units used to operate under former president mubarak and now have an ordered in buying morsi, a member of the muslim brotherhood. they are demanding the full force of sharia law. they want a truth theocracy without alcohol or christians. >> this government does not get anything right. we are not willing to coop
today as violence between israel and the palestinians escalated. tenks of course flaming concerns about supply disruptions. ands you can see, wti crude trading at 87.83. as for the broader markets, you'll see the the dow futures are indicated higher by about 70 points. s&p futures indicated by over 9 points. but this is coming as stocks are coming off four straight weeks of declines. at this point the dow is down more than 7% for the last month. largely because concerns about the standoff in washington over how to deal with the fiscal cliff. well talk about all of these issues at play with two special guest hosts. wharton professor of finance jeremy siegel and trusted american businessman steve forbes. both onset and ready to start this discussion at 6:00. first, though, andrew has a few of the top business headlines. >>> let's talk about some of the headlines this morning. cisco systems buying cloud network start up meraki for $1.2 billion in cash. it was founded in 2006 by members of m.i.t.'s laboratory for computer science. joe, i don't know if you take credit for any of that. bp pla
recovery. >> international pressure mounts for israel and gaza to agree to a cease-fire after a weekend of air strikes leave a dozen dead and hundreds injured. brent continues to climb with gold going higher. >> the president and congress will strike a deal to restore the fiscal cliff. over the weekend in asia, the president said he's confident we can get the fiscal situation confident and reached out to ceos including tim cook, warren buffett and jamie dimon. after top house and senate leaders say friday's meeting was constructive. we see headlines that may bring news to other companies. intel ceo paul otellini to retire. >> during this period where a lot of companies moved toward mobile, was not pioneer mobile. arm holdings to go a bunch of shares. this may be a positive -- viewed as positive for intel. >> they will conduct a search or process to choose otellini's successor. will consider internal and external candidates. he's been at the company for 40 years. only the fifth ceo in 50 years. a company has had long service from those in its ceo position. again, he will step down at the
to broke aerodeal between israel and hamas. strikes on gaza and rocket attacks into israel continue. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, we're into hump day, the day before thanksgiving, of course, as well. on today's show, we'll have updates from athens and brussels as the eurozone ministers fail to ruse a deal for greece. air strikes and rocket fire continue in the gaza strip in tel aviv, as hillary clinton urges both sides to diffuse violence. we'll have the latest live from zree israeli. we'll also take the pulse of the polish country. analysts from warsaw 40 minutes from now. >>> we'll be in providence, rhode island, to preview travel ahead of the thanksgiving holiday with the head of operations at peter pan bus lines. >>> but first, after nearly 12 hours of talks, eurozone finance ministers have failed in their quest to agree conditions that would have allowed the next chance of bailout cash going to greece. what's next? what's gone wrong? we'll be joined by jules in athens in a few minutes. but let's start off with
meeting of the arab league after today's airstrikes by israel into gaza. these strikes hitting hamas targets all across the region, killing one of the group's top military commanders. now an israeli military spokesman is predicting days of fighting with the palestinians. leland vittert is live in israel near the border with gaza. what is going on, leland? >> reporter: right now, according to hamas militant organization they have quote, opened the gates of hell. there has been a declaration of war they say about the israelis by this airstrike. israelis providing video of the moment they killed ahmed jabari, the lead are of hamas militant tant wing. many are comparing assassination of him as nating usama bin laden. israelis launched operation cloud of pillar which is targeted assassination of number of hamas militants and islamic jihad and going off their warehouses which have a number of mass weapon storage facilities. we're here talking right now there are dozens of airstrikes going on over the gaza strip. large fireballs coming up from inside gaza. and they say a cloud of pillar wil
'm neutral on the stock, i think it's currently overvalued at its current price. >> israel launching a major defense against palestinian militants in gas sachlt we'll take you live to gaza, plus the impact it could have on the energy prices here in the u.s. >>> citi shares trading well below book value and several share holders requesting the board do a breakup of it's shares. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> let's get to a market flash. >> we're looking at some of the s&p lows today, a number of energy names there. a couple of headlines crossing th that -- on a civil complaint charge there, of course the utilities have been under a lot of pressure, guys, since
in israel with a bomb explosion on board a bus today and a rumored cease-fire that never happened. crude is up $1 as the secretary of state has arrived in cairo. a big day full of planes, trains and automobiles with tens of millions of americans set to embark on their holiday weekend journeys. our phil lebeau is in chicago with more on the holiday travel landscape. how painful is it going to be? >> you know, carl f you're traveling, you always need a little more patience thanksgiving weekend. for the airlines, they're keeping their fingers crossed because if you look at a map of the united states, you really don't see any major storm systems. that means if it's a smooth weekend, you talked about this being important to the profitability of fourth quarter, that's certainly good news for the airlines. take a look at the number of people who will be traveling this thanksgiving weekend. just under 44 million people. that's a slight increase from last year. the average amount they're spending, that's down 10%. less than $500. why? in large part it's because fewer people are flying. they're no
was poisoned by israel. that is something that israel denies. lastly now, arafat's successor mahmoud abbas, had to authorize the exhumation that took place today but he was not there when it got underway. he is now on his way to new york to attend a session of the united nations. he is expected to attend the general assembly later this week on thursday. and to ask that the status of the palestinians be upgraded to nonmember observer state. that is something that israel and the united states hasn't indicated, they have indicated they will oppose. jenna? jenna: big story there and one to watch for sure. david lee miller in jerusalem, thank you. jon: and one of the big domestic stories, the fiscal cliff negotiations underway right now. entitlement reform is a big part of those negotiations. republicans say the nation must make adjustments to those costly programs. in exchange they say they're willing to compromise on taxes but so far no word from democrats. why? we have a fair and balanced debate next. >>> plus the supreme court breathing new life into a challenge to the health care law. the lates
in the last eight years that israel poisoned the 75 year old leadership . israel denies the claim. spoonful of medicine washed down by grapefruit juice could kill you . the list is growing from 17 to 43. on it lipitor. the problem chemical in grapefruit that messes up how your body breaks down drugs. it could basically cause a drug overdose. >> record powerball jackpot could get bigger. there is a frenzy of ticket sales since sunday and lottery officials are boosting the jackpot to make the decision today. the drawing, whew. i have time to buy a ticket is ternal night. >> astronaut mark kelley's twin brother will attempt the longest space flight. kelley is set to spend a year on the international space station. the mission to look at how long periods of time in space affect the body. i guess a year will do that. both men spent six monthses in the space station. >> brian: i hope it is a compatable cosmonaught. >> gretchen: maybe he speaks russian. >> steve: and talking about the fiscal cliff. the private talks are accelerating. and the president of the united states called mr. boehner and mr
meets in israel with netanyahu to try to see what she can do to get the cease fire in order. because this is day seven now of this conflict where it continues. overnight the israeli defense force targeted 100 different attacks within gaza by air and sea, targets they said were necessary to stop the flow of missiles and rockets out of gaza, underground bunkers, store am depots and even financial institutions for hamas. this morning militants within gaza responded with volleys of rocket there is to israel -- into southern israel in response to the overnight attacks. so there's a growing call for this cease fire particularly over 100 people killed within gaza now. 26 of those are children. so nearly a quarter killed has been children which is growing to the call of a necessary cease fire to figure out how these two sides can come to terms to stop this violence for now. >> okay on. thanks very much, chapman. shareholders of glencore have approved the deal with ex-trxst. we'll get more on that. but right now let's get the global markets report in singapore. >> composite slipped to a seven
're still watching what is happening in israel and gaza. the conflict there and uncertainty remains. focal point of many traders. the reason why perhaps we're not pulling back even further although many are anticipating we are going to see an increase in u.s. crude oil supplies when the energy department reports its numbers tomorrow. we'll monitor israel's situation because that's likely to have a very important effect on the oil price in this session. gold continues to trade in a range here. ubs saying there needs to be a significant breakout in this range for oil to have true momentum and on this short holiday week, it appears that many traders are just trying to cover their short positions and not really taking out new bets a at the moment but there are some taking out significant bets and there have been reports that george and john have added to their gold holdings. we have reported that gold etf holdings are at record levels. there are many that want to be in this complex but of course still right now we are looking at a slight pullback in the gold price right around 1730 an ounce. >
netanyahu told his cabinet that the country is prepared for any contingency. israel captured part of the gol aan heights from syria in the 1967 middle east war. the two sides later agreed to a treaty to establish a demilitarized zone. >>> many investors are wondering where the japanese economy is head headed. we have more from the business de desk. what are investors looking at as they start their week? >> a major figure just came out, and it doesn't look too good. we learn that japan's market analysts have had their fears confirmed with the release of new figures the japanese people have experienced negative growth over july to september. that's the first time in three quarters the economy had contracted. cabinet office officials said monday the couldnntry's real gd fell .9% from the previous three months. that's an annual decline of 3.5%. business owners found their exports shrank 5% due to the economic slowdown. consumers spent less by .a5% as auto sales declined. corporate leaders found capital expenditures down 3.2%. analysts expect continued negative growth in the october-to-december q
calling for united nations members to consider the embargo illegal. only the u.s., israel, and an island state voted against. >> rome has been put on alert as the flooding has now reached the country's capital. >> meanwhile, people are beginning to clean up. the extent of the damage from the record flooding is becoming apparent. >> there was no rain on wednesday in central italy, but that was a small consolation to those affected by damage from the flooding. some areas in the region have not seen flooding is bad for 200 years. but back then, the river valleys were not built up. >> i have never seen anything like it. completely unexpected. it is breaking us. >> the regional governor of tuscany has blamed climate change for the catastrophe and said the flooding could get worse in the future. farmers are worried that crops could fail. the tiber valley has been particularly hard hit. >> i have suffered huge damage. the feed for my livestock has been destroyed, as has my harvest. even my garden got washed away. >> cleanup operations are under way. three people died here in their car when a br
in the middle east. this situation is heating up between israel and the leadership in gaza. what's your sense how this affects what president obama has to do? >> let's be clear, it's not really a war. israel will win. it's a very lop-sided war. on one hand you have the most popular military machine in the middle east, on the other side you have the inhabitants of gaza who have weapons that can't do very much. what's the long term strategy? what are they going to do about gaza? they have tried to economically choke it off. it didn't work. they have tried to kind of military operation before, once including a ground invasion. didn't really work. where are they going here? and that's where the united states can be helpful. >> fareed zakaria, always a pleasure to see you. thanks for joining us. >> thank you, ali. >>> warren buffett has to go shopping. maybe he'll offer up his . last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and
to congratulate him. it includes the prime minister of israel, nato secretary general king abdullah from saudi arabia. i could go on. i'm sure we'll hear about his day later on this afternoon. and no doubt taking meetings with staff about some of the upcoming items on the agenda, brooke. >> speaking of those items, jessica yellin, folks are hoping that maybe the election ushers in a season of change and less gridlock and problem solving. what did the white house make of john boehner saying that he haen the republicans, they're ready and willing for the president to take the lead, trying to head off the january tax increase plus the automatic military, the other spending cuts that the so-called fiscal cliff? >> reporter: look. everybody is expecting to head in to negotiations on this quickly. there's full plans here at white house for quick entrance to in to the discussions and the president has no plans, brooke, to give any kind of major speech, any kind of address on economic policy or on the fiscal cliff and their view that the president laid out his rigs for a grand bargain for the negotiat
of israel that israel has conducted a military action killing a senior hamas leader. an air strike in the gaza area killed the head of the hamas military. one of the things a number of traders heard about that earlier but one thing is an israeli military spokesman says this is the start of a broader operation. so that is one of the things. it seems to have the market a little bit on edge and has them bidding up oil at this hour. the one trader i talked to said between the tensions between israel and hamas if we'll see that spiking up obviously israel and syria over the last few weeks, that's better than israel and iran. back to you. >> that's true. bertha, thank you very much for that. congratulations if you are hold cisco shares coming into this session. they are experiencing a good bump on last night's results. we'll talk about what they are doing right and whether risks lie ahead next on the program and who would be affected the most if we go over the fiscal cliff? we'll get up close and personal with the cliff and as we head toward the break, another fiscal cliff fact. >> if la
with israel and palestine. possible actions against iran and may be pulling us in. guest: that has been a mess for a long time and we should not take sides. it would be best for that region. i don't believe in getting involved. has been created by to many outsiders interfering. -- that doesn't make a lot of sense. what threat are the palestinians? they are living in total poverty. sure, there are going to be militants. what is the reason? they have been held in bondage for decades. i think we should not be involved. eventually is real and not be able to depend on the united states -- eventually israel will not be able to depend on the united states. it makes no sense to do that. that is what they are anxious for us to do. what happens when we go broke and when it is acknowledged and we cannot afford to feed ourselves? our military is going to go home. we will not be there to take care of israel. all the people we have offended around the world, they are going to gang up on us and it will not be good for israel because we will not be capable of providing protection. host: this is the front page
's the front page of the boston globe this morning -- clinton was dispatched by president obama to israel and is meeting today with egyptian officials and palestinian officials as well. the headline from the tribune -- late tuesday night clinton met with benjamin netanyahu in jerusalem and plans to go to the west bank on wednesday. clinton is preparing to step down early next year. one story this morning, some breaking news from jerusalem. this is according to a dap. really rescue services said there have been explosions on a bus across the military headquarters in tel aviv. the agency says at least 10 people were injured in wednesday's blast. the explosion comes amid an ongoing israeli operation rollers.aza's hamas so, more information on that incident probably coming later today. but we are taking your calls this morning on your confidence in the economy, your thoughts on the fiscal cliff, and how you are preparing for that. marc is from 0 highfill on our independent line. -- from ohio. caller: good morning. i'm a person who believes we need to do something radical, which a lot of peopl
. they approached the border with israel and it imposes a 1,000 foot buffer zone. but part of the cease fire deal was that after 24 hour, israel would loosen up some of the restrictions on its border, as well as some of its crossings. it seems as if this was a testing of the stipulation and what happened was a gun battle there on the border. already on on both sides, whether gaza or israel, there is not a lot of faith that the cease fire is going to hold. here in this country especially in the south, there was can it is investigation that the deal w distress that the deal was made in the first place. on the gaza side, there was a celebration what they're calling a victory in this conflict. >> stephanie, thank you for that. still to come, draghi is due to speak at the conference in frankfurt. when we come back, we'll hope that he'll be speaking. s if . >>> surprise increase in business sentiment in germany quells fears over a crisis. euro climbs just a little bit after the data. the latest draft proposal falls short of demands for spending cuts would i geby germany and b. and while an agreement in
on in the middle east. this situation is heating up increasingly between israel and the leadership in gaza. what's your sense of how this affects what president obama has to do? >> it's not really a war. israel will win if there is a lopsided war. you have a powerful machine in the middle east and then you have gaza that has a few rockets. that's a tactical move that the israelis have undertaken. understandable because of the rocket fire they faced. but what is the long term strategy? what are they going to do about gaza? they tried to economically choke it off, it didn't work. they tried this military operation before including a ground invasion. didn't really work. where are they going here? and that's where the united states can be helpful. >> fareed zakaria, always a pleasure seeing you. one of the richest men in the world says i may have to go dress shopping in a few years. maybe help help me get something nice. warren buffett is on the show next. ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment s
. protesters accusing him of a coup. all eyes of course on egypt, as well as israel and gaza where the cease-fire is still in place. oil prices also saw additional port on the news out of europe, optimism over greece today. west texas intermediate closing above $88 a barrel, up 1% in this short rned session. brent risie ining as well but slightly less than that. >>> nonetheless, energy prices apparently are about to get lower. our next guest is talking 70s on crude for next year. john, why are you so bearish on oil for next year? >> a couple of things. global economy doesn't look all that great for next year particularly in europe. they have a lot to get together, the greece situation. we're also now -- >> it's going to get worse than it is this year. >> yeah. iea, opec itself all looking for demand declines next year in terms of growth. also, two things that bedevilled the brent market this year, troubles out of the north sea, constantly having problems with production. once that comes back online for any length of time, lower prices. similarly, i know all the debate is around the keystone
israel assassinated the late leader. israeli officials deny the claim. >>> analysts at an american satellite imagery firm are raising red flags about a new picture they've taken of north korea. they say the recent photo of a recent facility shows increased activity, and they warn north korean authorities could be preparing for another launch similar to the one that happened last april. digitalglobe released the image of the facility in tongchang-ri in the country's northwest. photo was taken on november 23rd. it shows a new tent, trucks, and many fuel tanks. digitalglobe analysts say north korean authorities could carry out a missile launch in the next three weeks. earlier, u.s. satellite images of the facility showed what are believed to be parts of a long-range ballistic missile. >>> north koreans space officials failed earlier this year when they tried to launch what they said was a rocket carrying a satellite. some governments called it a missile test. the photos showing renewed activity in the north is prompting renewed attention from different nations. >> translator: we are m
of this. list. . the indications we have or our convicts we have that israel have done this assassination but yet we still need an evidence. all of the investigation are -- all of the investigations are made to acquire the evidence so we can go with this evidence to find out who is behind the assassination and through which we will go to the international criminal court. >> okay. two questions for you, jim. first of all, do they have any evidence that that was true, that the israelis perhaps were behind killing arafat? would they take it to the hague? do they have this? >> if they had the evidence, i suppose they could. but the israelis have said we didn't have anything to do with this. they realize how explosive this was. did they want him dead? absolutely. absolutely. as tom friedman wrote in his book "from beirut to jerusalem" they saw arafat like hitler in his bunker, there was that much hatred for the man. he put the palestinians on the map. he resurrected them. he's resurrected at a time when, well, the palestinians are finally, you know, i don't know how he died but i can say what
factor it in? >> certainly you could consider what will be israel's response in relation to the development of iran's nuclear program. now that we've passed u.s. elections, will they show up and potentially suggest military intervention. of course that kichd development could easily add $10 to $20 on the i'll price. relative to demand, i think we're more optimistic in the sense that we're seeing the u.s. economy turn around. we have positive readings in chinese pmi data. we short term we'll get a seasonal kick with winter setting in. so all of those aspects in terms of demand will be supportive of prices. but it's ultimately very difficult to sort of balance out the net effects of trend growth in the world economy versus supply side risk and geopolitical tension. we're typically constructive on oil prices, but again with an element of caution. there are other risks out there especially in the shoth term. concerns over the u.s. fiscal cliff, for example, is one of them. >> and as you mentioned, concerns about the relationship. a hoegs was passed by by a pretty good margin.
, 18,500 jobs thereabouts gone. a terror attack inside israel. a bomb on a bus in tel aviv. ten injuries reported. secretary of state clinton is in jerusalem and she goes to cairo today. this is "varney & company," an all star, pre-holiday lineup. here we go.  >> top story. the unions are excertifying maximum pressure right now the at worst possible time. people want to shop and unions are making both difficult. sciu expects more than a thousand marches at los angeles international airport and say the company they work for, a contractor for the airport broke the union and took away health insurance and demonstrating. and protests planned at o'hare in chicago. a new company providing custodial services there, nonunion, protests. and a strike, and another one at the port in portland. and a huge protest planned at one thousand wal-mart stores on friday. workers angry about wages and benefit and threaten to tie up wal-mart parking lots on what is a crucial shopping day and hostess, the bakers union refusing to make a deal and now the company is going to be liquidated. yes, it is,
of celebratory phone calls from world leaders like the u.k.'s david cameron and israel's benjamin netanyahu. the euphoria of re-election is quickly giving way to hard reality of governing with the foreign policy crisis bubbling from iran to syria. plus, lingering questions about the terror attack in benghazi, which will result in those three different house and senate committees, grilling administration officials next thursday. >> hopefully now that we're past the election the administration will do the right thing. coming up to the election they did notch they claim to be the most pope and transparent administration ever but they are not going the basics in sharing with congress this basic information. >> one of the three panels the house foreign affairs committee invited secretary of state hillary clinton to testify about the terror attack for the first time. >> we are very committed to working with the congress throughout the process. >> on the domestic front second term issues are as thorny, with the president pushing for bipartisan deal on immigration reform and that eluded several pre
, and overcontrolled by a centralized state that is growing like cudzu on a north georgia highway. >> israel should learn how? >> it's not enough to say you can't shoot your way to power, you've got to open up a diplomatic path. and will they open up a diplo t diplomatic path? and the question for the hamas group is will they accept israel? we don't know that. i would simply say that's now one of the half dozen fault lines out there in the middle east. you've got syria, the iranian nuclear thing, the constitutional struggle with an egypt. you potentially have jordan getting in the mix. plus you've now got the oldest of the issues, the israel israeli/palestinian issue. this is facing barack obama at a time he wants to do more in asia, deal with the fiscal cliff. welcome to your second term. >> a lot to do. richard haa ss. >> how did jerry adams do it? how did the irish terrorists as they were called before the peace deal, how did they not only enforce the peace but then turn to their own bad elements and say, step out of line, and we're going to crush you. >> one was, they couldn't shoot their way
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